It’s Wednesday morning, my last article before the long holiday weekend. That said, I’ll be taping my weekly Kerry Lutz, and monthly SGT Report podcasts this morning – so be sure to go to their websites and listen. Consequently, my Cal Ripken-like streak of writing and podcasting continues; and until the Cartel is defeated, and “Economic Mother Nature’s” reigns victorious, the Miles Franklin Blog will continue reporting the TRUTH, and commentating on REALITY.
That said, I’m going to try and take it easy today, given the non-stop stress of discussing the ugliness of economic collapse and market manipulation of financial markets. Let alone, the despair of knowing so much good has been destroyed by such a small group of sociopaths – many of whom, actually believe they are “helping” the world’s collective cause, when in fact they are destroying it. Such is the deleterious, irreversibly damaging impact of fiat currency regimes – which have failed thousands of times over two-plus millennia, and never succeeded.
Yes, there’s plenty of “horrible headlines” to discuss – even today, amidst a holiday-shortened work week, holiday-thinned “trading,” and holiday-muted emotions. Which of course, is the perfect “conditions” for said manipulators; who not only are determined to reverse last week’s post-FOMC bloodbath, but orchestrate a “Santa Claus Rally” to line Wall Street’s pockets. To wit, whilst gold and silver’s post-FOMC strength have been blatantly capped, the “Dow Jones Propaganda Average” has been equally transparently “rescued,” amidst some of the year’s lowest trading volumes; worst market breadth; and oh yeah, ugliest fundamentals.
Regarding the former two, Monday’s trading featured every imaginable PPT trick, from the middle-of-the-night futures surge; to the “dead ringer” algorithm that props prices after their usual opening fade, to “DLITR,” or “don’t let it turn red” supports not once, but twice. And of course, the ubiquitous, in this case 100+ point “hail mary” rally in the day’s final 15 minutes, amidst not a shred of positive news, with no other market budging. As for yesterday, a prototypical “dead ringer” – replete with three DLITR “saves” in the morning – followed by ZERO afternoon volatility, amidst an environment of miserable economic data, surging interest rates, and a litany of “horrible headlines.”
Most telling of all, was that market “breadth” – i.e, advancers minus decliners – declined from the second trading opened Monday morning, to the second it closed Tuesday. And yet, “magically” the stock market reversed course, and rocketed higher, at exactly the time of said “miracle” Hail Mary rally Monday – not stopping until the day was done Tuesday, for not a single reason other than PPT manipulation.
That said, I’m going to move past the ugly realities of the global economy and markets – including this morning’s miserable personal spending, durable goods reports, and new homes sales reports; surging geopolitical tensions in the Middle East; and news that Russia bought four times as much gold in November as the COMEX has in its entire inventory – to remind you why Miles Franklin puts so much effort, and resources, into its blog; amidst a difficult business that, with each passing day, more and more people realize is decidedly NOT a “commodity.”
Like myself, David and Andy Schectman – and all of Miles Franklin’s employees, for that matter – both sympathize and empathize with the situation of countless millions the world round; in some way, shape, or form, negatively impacted by the actions of said sociopaths. From difficult financial times, to mental stress, to the prospect of raising children in a scary, uncertain world, we genuinely worry about our “peers” in the fight for justice and humanity.
Fortunately, through this blog, we have the ability to make a difference in this (eminently “winnable”) confrontation – in communicating the truth, and educating of the virtues of Precious Metal ownership. Perhaps it’s a curse that we understand the frauds around us so well – certainly, more than 99% of the world’s population – as there’s something to the age-old saw of ignorance being bliss. That said, now that the “end game” of economic collapse, social unrest, and draconian political response is approaching – for much of the world, already there – we are more confident than ever in our belief that we are helping; and thus, more determined than ever to make a difference, even if just a small one.
Yes, the blog’s raison d’etre has always been to market the firm and its products – as any capitalist venture would. However, as the political, economic, and social ugliness we have long predicted has finally arrived – for the most part, far scarier than any of us could have anticipated – our mission statement has been somewhat modified, given that Andy, David, myself, and the blog’s other contributors have been personally impacted by the aforementioned issues, having have watched hundreds, if not thousands of family members, friends, colleagues, clients, and “potential clients” impacted as well.
Fortunately, it’s entirely possible to “do good” and “do good business” simultaneously. And thanks to the power of the internet – and a large, growing cadre of “allies,” both here and overseas – the Miles Franklin Blog is doing just that. To that end, I expect 2016 to be the “stormiest” year the world has seen 2008. And, per the aforementioned “promise,” I intend to continue writing, podcasting, and otherwise marketing TRUTH as diligently as ever; whilst the Miles Franklin Blog, generally speaking, seeks to be “your port in stormy seas.”
Of course, the reason we are able to put so much effort into the blog is your support. Thus, as always, we humbly ask that, if you are considering buying, selling, or storing Precious Metals, you simply give us a chance to earn your business. I promise you will not be disappointed – as there’s a reason we’ve been in business for 27 years without a single registered complaint, or a single lost package or payment.
And to all, a Merry Christmas, a Happy (belated) Chanukah; and a happy, healthy, and prosperous New Year!